TABLE 16-11
Business Closures in Laramie, Wyoming from 1989 to 1994

question 52

Short Answer

TABLE 16-11
Business closures in Laramie, Wyoming from 1989 to 1994 were:
$$\begin{array} { l l } 1993 & 10 \\1994 & 11 \\1995 & 13 \\1996 & 19 \\1997 & 24 \\1998 & 35\end{array}$$ Microsoft Excel was used to fit both first-order and second-order autoregressive models, resulting in the following partial outputs:
$\begin{array} { |l c |}\hline\text {SUMMARY OUTPUT- \(2 ^ { \text {nd } }\) Order Model}\\& \text {Coefficients}\\ \text { Intercept } & - 5.77 \\ \text { XVariable 1 } & 0.80 \\ \text { XVariable 2 } & 1.14\\\\ \text {SUMMARY OUTPUT- 1st Order Model}\\& \text {Coefficients}\\ \text {Intercept }&- 4.16\\ \text {XVariable 1 }& 1.59\\\hline \end{array}$

-Referring to Table 16-11, the residuals for the second-order autoregressive model are____, ____,____ , and _____.

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Definitions:

Debits

Accounting entries that increase assets or expenses or decrease liabilities, equity, or net worth in a company's balance sheet.

Credits

Credits refer to the accounting entries that can decrease assets or increase liabilities and equity on a company's balance sheet, opposite to debits.

Transactions

Financial events that affect the assets, liabilities, or equity of a company and can be measured in monetary terms.

Journal

A record where all financial transactions are entered initially, before being posted to individual accounts in the ledger, following the double-entry bookkeeping.